Costa Rica has a small, open economy that is based on services, agriculture, and industry. The services sector accounts for about 70% of GDP, followed by industry (25%) and agriculture (5%).
The main services sectors are tourism, banking and finance, and telecommunications. The main industries are food processing, pharmaceuticals, and medical equipment. The main agricultural products are bananas, coffee, and pineapples.
Costa Rica has a skilled workforce and a good infrastructure, which has attracted foreign investment in recent years. The country is also a leader in environmental protection, which has helped to attract tourists and businesses.
Costa Rica's economy has grown steadily in recent years, with an average growth rate of about 4%. The country has a low unemployment rate and a high standard of living.
However, Costa Rica faces some challenges, including high levels of poverty and inequality. The country is also vulnerable to natural disasters, such as hurricanes and earthquakes.
Overall, Costa Rica has a strong economy with a bright future. The country is well-positioned to continue to grow and prosper in the years to come.
Here are some of the key economic indicators for Costa Rica:
GDP: $64.28 billion (2021)
GDP per capita: $12,472.44 (2021)
Unemployment rate: 10.2% (2021)
Inflation rate: 2.8% (2021)
Exports: $13.2 billion (2021)
Imports: $17.4 billion (2021)
Trade balance: -$4.2 billion (2021)
Costa Rica's economy is closely linked to the United States. The United States is Costa Rica's largest trading partner, accounting for about 40% of exports and 50% of imports. Costa Rica is also a member of the Central American Common Market (CACM), which allows for free trade between Costa Rica and the other five members of the CACM. Costa Rica's economy is expected to continue to grow in the coming years. The country is well-positioned to benefit from the growth of the global economy and the increasing demand for its exports. However, Costa Rica will need to address some challenges, such as high levels of poverty and inequality, in order to achieve its full potential.
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